Getinge Q3 2019 Result: Continued Growth and Improved Margins
GETINGE AB UNSP/ADR (GNGBY)
NASDAQ:AMEX Investor Relations:
getinge.com/int/about-us/investors
Company Research
Source: PR Newswire
GOTHENBURG, Sweden, Oct. 18, 2019 /PRNewswire/ -- "We continue to show strong organic sales growth and improved margins in the third quarter", says Mattias Perjos, President & CEO at Getinge. "The underlying cash flow remains strong despite that we seasonally are tying up more capital in the third quarter. In the coming quarters we will continue creating value for our customers and to work on strengthening profitability". Getinge's organic sales growth is continuing across all business areas and regions. The organic order intake amounted to 3.5%, despite tough comparative figures following a long period of outperforming market growth. Getinge believes that underlying demand remains high, which also applies to the sales region Americas and business area Surgical Workflows, which presented a decrease in order intake in the third quarter."Our operating expenses were slightly higher compared with Q3 2018, mainly due to remediation measures and EU MDR preparations, but we can also see tha
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